News & Views

In our previous article, released on 31 March 2020, we discussed the various tax relief measures, implemented by the South African Revenue Service (“SARS”) to curb the negative impact of the COVID-19 pandemic and the Lockdown. The article can be found HERE for reference.

In this article we analyse the various relief measures made public by the South African Government (“the government”) to date and aim to communicate how South African employers can access these funds and relief measures.

Considering the magnitude and severity of the COVID-19 outbreak, which has been declared a global pandemic by the World Health Organisation (“WHO”), the Minister of Coorperative Governance and Traditional Affairs on 15 March 2020 declared a National State of Disaster in terms of the Disaster Management Act No. 57 of 2002 (“the Disaster Act”) per Government Gazette No 43096.

The Profmark team share a concise summary of the tax implications of Wednesday’s Budget speech by Minister of Finance, Tito Mboweni.

2019 recorded the highest ever box office revenue, globally.  In an article written exclusively for Moore, Anchor Capital looks at how the movie industry is performing.

Effective 1 March, Moore Johannesburg is pleased to announce the expansion of its cloud-based accounting services by joining forces with BKF Accountants.

Next week, the annual Investing African Mining Indaba kicks off in Cape Town. The industry’s global stakeholders will gather to discuss the issues and opportunities at play. 

Moore is once again pleased to be attending this prestigious event. If you have any questions, or would like to find out more more information, please contact our South Africa Leaders in Energy, Mining and Renewables, Olivier Barbeau (Managing Partner, Moore Johannesburg) and Leonard Roberts (Managing Partner, Moore JHB-East Rand).

Olivier and Leonard will be joined by global sector leaders, Jeff Blackbeard (Regional Director Africa and Middle East) and David Tomasi (EMR Global Sector Leader). We look forward to seeing you there.

Moore Stellenbosch Partner, Izak du Plessis, and five other cyclists will cycle a distance of 1904 km, from Johannesburg to Cape Town, in 11 days to raise awareness of child abuse. Izak is no stranger to the bike. He has been cycling for 26 years, he has completed 22 Cape Argus cycle tours and 4 Epics, alongside various other multi-stage cycling events, too many to mention! But this will be a tour unlike any other in South Africa. It will not only impact Izak’s life, but it will change the lives of many others.
 
Support him by making a donation towards this extraordinary fundraising effort. #ProudlyMoore
 
Click here to donate and pledge.

In an article written exclusively for Moore, the team at Anchor Capital looks at the impact the spread of the Coronavirus, originating in Wuhan, China, may have on markets, and what it means for investors.

The tax year ends on 29 February 2020. Our national tax advisory experts share their tips for reducing your tax liability, preparing for tax year-end, advice for avoiding penalties and some thoughts on how to #GetOrganised.

In an article written exclusively for Moore, the team at Anchor Capital looks at the Fourth Industry Revolution, and how this era of technological disruption and social change is rapidly changing the way we create and distribute value.

Mike Hathorn, Chair, Global Quality Standards Board discusses the changes in the audit industry he has seen over his 50-year career and why the industry is at a crossroads.

The holiday season is almost upon us, and it's an excellent time to get your financial house in order. Olivier Barbeau, Managing Partner at Moore Johannesburg, suggests that a pre-holiday financial to-do list should a top priority for anyone looking to kick off the new decade with some peace of mind. Most of these tasks can be accomplished quickly, but the benefits can last a lifetime.

The release date of the Estate Agency Affairs Act 112 of 1976 (EAAA) clearly indicates that it is outdated. A lot has changed in the last 43 years and now, so has this act. The Property Practitioners Act 22 of 2019 (PPA), which replaced and repealed the EAAA, was promulgated in the Government Gazette on 3 October 2019. National Technical Director of Moore South Africa, Sindy Pretorius, takes a closer look.

On 13 August 2019, CIPC issued Notice 52 of 2019 confirming that it is now implementing a new method to monitoring compliance with the Companies Act 71 of 2018 with the so-called Compliance Checklist. As of 01 January 2020, the submission of the compliance checklist will be compulsory and needs to be submitted to CIPC as part of the annual return submission process. Nadia Van Der Merwe, Cosec Manager at Moore Johannesburg-East Rand, looks at what is required in the checklist, and what companies need to do to ensure compliance.

Have you ever considered the individual and corporate tax risks of your increasingly mobile and global work force? If you or your employees travel internationally for work, those trips may have tax implications, presenting compliance risks that need to be actively managed. In other words, their presence in another country can create a tax reporting requirement.

As part of the recent rebrand from Moore Stephens to Moore, the brand refreshed its brand pillars – the traits we hold as key to who we are and the working environment we seek to create for both clients and our team. Matt Budden, a trainee in the Moore Cape Town firm, shares his thoughts on what these pillars - access, passion, community and care - actually mean in industry, traditionally defined by just the numbers.

We are proud to announce the launch of the Moore mobile app which gives you access to the Moore Global directory, latest insights and news at your fingertips. To download the app to your mobile, please click on the link relevant to you below.
 
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With the enactment of the Carbon Tax Act No.15 of 2019 and the first reporting deadline for Carbon Tax liability during July 2020, Moore Cape Town and Global Carbon Exchange (“GCX”), an environmental resource advisory firm, have partnered to offer service in relation to NGER and Carbon Tax-compliance and liability assessments.

For many businesses, salaries and wages are one of the biggest overheads. Managing this non-core aspect of the business can be time consuming and complicated. Moore Johannesburg looks at why more and more businesses are choosing to outsource their payroll processing to professional payroll administrators.